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20121108
20121116
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KNTV (NBC) 13
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Search Results 0 to 12 of about 13 (some duplicates have been removed)
to compromise. i'm open to new ideas. i'm committed to solving our fiscal challenges. chris: but john boehner is holding firm against one of the president's main campaign pledges. >> everyone wants to get our economy moving again, everyone wants to get more americans back to work again. raising tax rates will slow down our ability to create the jobs that everyone says they want. chris: in your book, the price of politics, a heck of a book. you talk about how debt negotiations fell apart the last time, we tried it in the summer of 2011. will the speaker, we just saw, have the strength to lead his party even if he has to fight for the tea party? >> their camouflage is tax reform and they're going to do that over time. so the rates could come down. the really interesting thing is when you examine the detail of this, last year they were close. they actually could have worked out some agreement and it blew up because of the president asking for more revenue and that was the limit for them. i think it is a moment of necessity to a certain extent. they can't avoid this now. chris: reporting challeng
avoiding the so-called fiscal cliff. last night house speaker john boehner insisted he's optimistic about an agreement telling abc's diane sawyer he is, quote, the most reasonable responsible person in washington but he's also not backing off his stand on tax hikes. >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about -- >> i made clear yesterday that raising tax rates is unacceptable. and, frankly, it couldn't even pass the house. >> at issue here, a perfect economic storm that could have serious consequences. nbc's andrea mitchell breaks it down for you. >> reporter: the campaign was tough. victory is sweet. now comes the hard part. >> on january 21st, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases. >> reporter: so what exactly is the fiscal cliff? it's a nightmare combination of tax hikes and spending cuts that congress and the president agreed to to force themselves into a compromise, but so far they haven't agreed on anything. so barring a last-minute fix at the s
house next week to build consensus. >> reporter: earlier in the day, speaker john boehner also sounded a kumbaya theme. >> i am proposing a fiscal cliff together to be averted >> reporter: that gets its name, because at the end of the year if congress does nothing, bush taxes expire, the payroll tax cut expires, emergency unemployment benefits end and $984 billion in automatic cuts and defense and domestic budgets are triggered. they estimate that would cause the economy to take a significant hit, raising unemployment to 9.1% by the end of next year. but the real political sticking point is taxes. the president called on congress to make tax cuts for people making less than $200,000, and making less than $250,000, and drew a line in the sand. >> i refuse to accept any approach that is not balanced. and on tuesday night, we found out the majority of americans agree with my approach. >> reporter: the president was referring to the tuesday exit poll which indicated nearly 60% of voters would support higher taxes on the wealthy.çó and while john boehner hinted at some taxes going up, he
they already agreed to that. i think you heard john boehner say that already. we've had votes in the senate where we've actually gotten rid of tax credits. i think that's a given. and i think the vast majority of americans agree with that. the question is how do you do that and how do you allow taxes to rise at the same time you fix the real problem? and the real problem is uncontrolled entitlement spending and a government that has grown massively. not just under this administration, under republican administration. >> let me turn to senator schumer on this point. >> so you have to approach both sides of it. >> let me turn to senator schumer. i'm going to ask you the same question. if the mandate is compromised, what do democrats have to be prepared to accept as a painful outcome in order to achieve compromise? >> well, i agree with you, the mandate is compromise. that's why we have a divided house and senate. and i think if the house stands for anything it's cut government spending, as tom coburn said, and i think we're going to have to do more of it. we heard the mandate in 2010, where i
are democratic and half of whom live in hollywood? >> reporter: republican leader john boehner said when he was talking about being open to new revenue, he was not talking about new tax increases. the president sits down with democrats and republican leaders here on capitol hill on friday. back to you. >> tracie potts in washington. thank you. >>> two weeks after the destruction from hurricane sandy, victims are still trying to put their lives back together. more than 100,000 homes and businesses in new york and new jersey are without electricity as they struggle to rebuild. a 77-year-old man has died from injuries from a fall brunging the city's death toll to 43. homeland security secretary janet nah pop politan know has reaffirmed her commitment to be with those for the duration. now for a look at the weather here is nbc meteorologist bill karins with the weather channel forecast. give me good news. >> that's depends where you are in the west. >> i want sunshine. >> go south. the northwest isn't pretty. rain and snow in many areas of washington state and oregon state. look at the radar. t
. republicans want us to work together. >> reporter: and house speaker john boehner opened the door to higher taxes. >> good evening, everyone. for the purposes of forging a bipartisan agreement that begins to solve the problem, we're willing to accept new revenue under the right conditions. >> reporter: conceding his loss, mitt romney called for compromise. >> at a time like this, we can't risk partisan bickering and political posturing. our leaders have to reach across the aisle to do the people's work. >> reporter: how did the people of america reject romney? one reason is our population has changed. a smaller share of whites voted, down to 72% of the total. more minorities voting, more young people. changes that favor democrats like barack obama. he reached out last night to romney backers. >> and whether i earned your vote or not, i have listened to you. i have learned from you. >> reporter: some republicans say they better learn from an election that gave barack obama four more years. bipartisanship will get an immediate test. the dreaded fiscal cliff, automatic across-the-board tax hik
. >> house speaker john boehner also spoke today. he said this is president obama's moment and his chance to show he can lead congress to a bipartisan solution. >>> it is a flat out no comment so far from redwood city electronic arts after news one of its video games may cost one of its members s.e.a.l. team 6 team's their job. they were paid to help design those games, right? >> i'm he going to tell you right now, that's not unusual. i've met with video game designers for almost 20 years now. at those meetings you often meet with military consultants who help them. in fact, the army has its own video game designed by the army. the problem with this new video game, medal of honor war fighter, is the consultants were navy s.e.a.l.s., special forces. they're supposed to be far more secret. the defense department has told news agencies that several members of the team, including one member who participated in the killing of osama bin laden, have been officially reprimanded for revealing secrets to the game maker. in the military, that can be a career killer. secrets are relative. just explai
crisis. 52 days now until the so-called fiscal cliff. mr. obama and house speaker john boehner laid out their new positions, which sound a lot like their old positions. the president says he will be flexible to a point. >> i refuse to accept any approach that isn't balanced. i am not going to ask students and seniors and middle class families to pay down the entire deficit while people like me making over $250,000 aren't asked to pay a dime more in taxes. >> the problem with raising tax rates on the wealthiest americans is that more than half of them are small business owners. >> republicans say they won't budge on taxes unless democrats bring to cut the costs of social security and medicare, starting with the raising the minimum ages to qualify. >>> with the showdown looming over whether the police department guess into receivership, oakland is urging a middle ground. ever since 2000 where there was rampant police corruption, the department has been threatened with a federal takeover unless reforms were implemented. now with a december court date, the city is bracing for a possible tak
of whom live in hollywood. >> reporter: but house speaker john boehner rejects any hike in tax rates. instead he would close loopholes in the tax code. >> raising tax rates will slow down our ability to create the jobs that everyone says they want. >> reporter: failure to agree by the end of the year would trigger a combination of deep spending cuts and expiring tax cuts. that could mean an estimated $2,000 more in taxes next year for the typical household. the jobless rate soaring to 9.1% by the end of the year. and possibly another recession. boehner and the president were close to a deal last year. the so-called grand bargain. $4 trillion in debt reduction including politically sensitive changes to social security and medicare. many think that blueprint still works. >> and the real problem is uncontrolled entitlement spending and a government that has grown massively. not just under this administration, under republican administration. >> reporter: experts warn of serious damage to the economy if the standoff drags on. >> if three or four weeks from now they're making no progress
and center in these talks with speaker john boehner. >> all right. chuck todd at the white house this morning, thanks. john meacham is a pulitzer prize winning historian and author of the new book "thomas jefferson the art of power." good morning. >> thank you, sir. >> tell me about what's going on in washington right now. everyone is saying the right things. president obama said a couple days ago i'm looking forward to reaching out and working with leaders in both parties to meet our challenges. john boehner said we are ready to be led. is this just honeymoon talk or do the american people have reason to believe things might be different in a second term? >> a lot of it's honeymoon talk. this is the natural result. the president wants to appear magnanimous in victory. the speaker, whose party just lost, wants to be clear that practically he understands that the country voted for an incumbent president as opposed to the nominee of his party, so it behooves him at this point to make the right noises. but it's still friday. sometimes bipartisanship in washington is a little like what mark twain
in our nation's capital. president obama and house speaker john boehner appear to be drawing lines in the sand over that looming fiscal cliff. big tax hikes and spending cuts that could take effect at the end of the year. if washington can't find a compromise. that could have a big impact on your bottom line. we'll get you more on that in just a moment. >> also it sounds a bit crazy but apparently it's real. you'll meet some people who are addicted to the internet. >> plus with prices skyrocketing at the supermarket, as i'm sure you've noticed, every penny counts. we have some tips on stretching your dollars by making your everyday groceries last just a little bit longer. and speaking of money, some high profile women including the duchess of cambridge and first lady michelle obama, making it fashionable to recycle outfits. we'll tell you about the message it's sending to the rest of the world. >> i'll fess up, i wore this suit six weeks ago. all right we've dealt with it. and we'll introduce you to a true wonder dog. a poodle mix who was rescued from a trash heap, blind, and ver s
compromise. already you've seen the president reach out to the other side. john boehner making comments that they also want to work together. but, again, this is the choice that we have been talking about over the last several months. spending cuts, tax increases. >> we should mention that we're also more renewed fears in europe, the greek debt crisis rearing its ugly head. >> absolutely. it's clear that greece cannot pay its bills. now we're thinking, okay, this is another pressure for the u.s. economy. so we're all waiting on some kind of compromise out of washington as well as some stability in europe. but for sure, we'll probably see some volatility going forward. doesn't really mean much, though, long-term. >> i was going to say, let's get some perspective. there was a huge drop after the president's election four years ago. but over the last four years, wall street has been up. >> that's right. over the long-term, you have to look at fundamentals. and the corporate sector right now is very strong. a lot of cash on the balance sheets, longer term earnings should be okay. but over t
Search Results 0 to 12 of about 13 (some duplicates have been removed)